Question
Families and social customs have the most influence over the production of goods and services in which economic system? A. Traditional economy B. Command economy C. Mixed economy D. Market economy
Answer
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Haf
Expert · Tutor for 3 years
Answer
A. Traditional economy
Explanation
A traditional economy is an economic system in which customs, traditions, and beliefs shape the goods and services produced, as well as the rules and manner of their distribution. The primary influence over production and distribution choices often comes from long-standing practices within families and societies, rather than from market signals or governmental directives.